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NZD/USD surges on the domestic jobs data

FXStreet (Guatemala) - NZD/USD is trading at 0.7822, up 0.61% on the day, having posted a daily high at 0.7831 and low at 0.7760.

NZD/USD has surged on the domestic data that has seen the Employment Change registered at 0.8% above expectations (0.6%) in 3Q while the Unemployment Rate meets forecasts (5.4%) in 3Q. This is an extension of the drift from the 0.77 handle this week after the greenback’s impressive onslaught on the market post the increased hawkish tone of the Fed last week. 0.7820 is a mark here that the cross is trying to penetrate that would open up 0.7877 (Daily 20 DMA) and retrace the losses of close of business of last week.

NZD/USD noteworthy levels

With spot trading at 0.7822, we can see next resistance ahead at 0.7831 (Daily High), 0.7837 (Hourly 200 SMA), 0.7837 (Daily Classic R2), 0.7845 (Weekly Classic PP) and 0.7877 (Daily 20 SMA). Support below can be found at 0.7792 (Hourly 100 SMA), 0.7790 (Yesterday's High), 0.7780 (Daily Classic R1), 0.7775 (Daily Open) and 0.7768 (Hourly 20 EMA).

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